(815 ILCS 175/15-35)
Contracts required to be in writing; retention of
copy by borrowing party. To be enforceable, every contract for
the services of a loan broker shall be in writing and signed by
all contracting parties. The borrowing party and loan broker shall retain
a copy of the signed contract at the time it is signed.
The loan broker shall retain a copy of the contract for a period of 6
(Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)